Sample Business Contracts

Employment Agreement - Citigroup Inc. and Robert E. Rubin

Employment Forms

Employment Contract. Employers can customize an employment agreement that states the salary, benefits, working hours and other important provisions for their new or existing employee.
Consulting Agreement. Answer simple questions to build a contract with a consultant. Specify the services rendered, when payment is due, as well as IP rights.
Commission Agreement. Employers who compensate their sales employees based on commissions can prepare an agreement to reduce misunderstandings by specifying the base salary and how commissions are calculated.
Executive Employment Agreement. Companies may offer their business executives a contract that is different from the one provided to their regular employees. Executive employment agreements may be more complex because the compensation structure may include a combination of salary and commissions, provide for bonuses based on sales, stock or other financial targets, and include non-compete, confidentiality and severance provisions.
Sales Representative Contract. Independent sales representatives offer companies the potential to increase the sale of products or services without the burden of increasing headcount. Both parties should understand how commissions are calculated, when commissions will be paid, as well as how the representative will treat confidential information from the company and whether the representative may also sell a competing line of products or services.
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[CITIGROUP LETTERHEAD]

December 26, 2006

Mr. Robert E. Rubin

Citigroup Inc.

399 Park Avenue

New York, NY 10022

Dear Bob:

I am writing on behalf of Citigroup Inc. to confirm certain changes to your employment agreement dated October 26, 1999, and as amended on February 6, 2002, February 10, 2003, March 10, 2004, January 18, 2005, March 14, 2005, December 19, 2005, and March 22, 2006 (collectively, the "Agreement").

This letter confirms that the awards under the Capital Accumulation Program made before 2007 and that, as of the date hereof, you are scheduled to receive in 2007, 2008, and 2009 will be deferred until the date that is six (6) months following the date of your separation from Citigroup as defined in Section 409A of the Internal Revenue Code. All Equity Award Agreements covering these shares are hereby amended to conform to this deferral.

Please confirm your agreement to the terms described above by signing and returning one copy of this letter to me at your earliest convenience.

Very truly yours,

Citigroup Inc.



By:		/s/ Michael E. Schlein
Michael E. Schlein Senior Vice President, Global Corporate Affairs, Human Resources and Business Practices

Accepted and Agreed:

/s/ Robert E. Rubin

Robert E. Rubin